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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10280 Us Highway 19 Pinellas Park, FL 33782

    • Commercial land
    • 26,984 SF
    • 11.32 lot acres
    For Sale
    View listing
    Last Sale
    Jun 07, 2022
    $18,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7327667
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 10280 Us Highway 19

    Year built
    1955
    Lot size
    11.32 lot acres
    Property size
    26,984 SF
    Property type
    Commercial land
    APN
    16-30-16-69732-400-6101
    APU
    163016697324006101

    Description

    This exceptional 2,400 square foot flex space, located at 10280 US Highway 19 N, Suite 850, in Pinellas Park, Florida, presents a fantastic opportunity for businesses seeking a versatile industrial property. Situated in the Pinellas Park submarket of Pinellas County, this single-story, Class C building offers a blend of office and warehouse space, ideal for various operational needs. Built in 1955, the structure boasts a durable metal construction and features a convenient end-cap unit location on the west side of the building. The warehouse area encompasses approximately 2,025 square feet, complemented by 375 square feet of air-conditioned office space. Enjoy a high ceiling clearance ranging from 13.8 to 14.9 feet, providing ample vertical space for storage or equipment. The property includes one drive-in door for easy loading and unloading, and benefits from three-phase power for efficient operations. The property is zoned M-1 (Light Industrial), aligning with a variety of industrial uses. This space is available for lease on a NNN basis. The property's location on US Highway 19 N offers excellent visibility and accessibility. This is a rare opportunity to secure a well-located, functional industrial space in a thriving Pinellas Park location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,247,000
      Market price range: $5.21M - $38.6M
      AI Estimate
      $9,247,000
      Market price range: $5.21M - $38.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $16,820,000
      Current use
      RESTAURANT
      $15,285,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7057
    Latitude
    27.8674
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,628
    $0.00
    $0.00
    $2,421,426
    -
    $2,421,426
    $0.00
    $2,421,426

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      110th N Ave

      VACANT COMMERCIAL LAND • 0.23 Acres
      110th N Ave, Pinellas Park, FL 33782
      View Details
    • Value Estimation
      $3,260,000
      2.88 Acres

      102nd Ave

      VACANT COMMERCIAL LAND • 3,840 SF
      102nd Ave, Pinellas Park, FL 33782
      View Details
    • Value Estimation by Request
      0.73 Acres

      86th Ave

      VACANT COMMERCIAL LAND • 0.73 Acres
      86th Ave, Pinellas Park, FL 33782
      View Details
    • Value Estimation
      $2,800,000
      0.95 Acres

      6685 114th Ave

      VACANT COMMERCIAL LAND • 1,765 SF
      6685 114th Ave, Pinellas Park, FL 33782
      View Details
    • Value Estimation by Request
      1.08 Acres

      66th N St

      VACANT COMMERCIAL LAND • 1.08 Acres
      66th N St, Pinellas Park, FL 33782
      View Details
    • Value Estimation by Request
      11.33 Acres

      Us Hwy 19th N

      VACANT COMMERCIAL LAND • 11.33 Acres
      Us Hwy 19th N, Pinellas Park, FL 33782
      View Details

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      Prime Pinellas Park Industrial Land

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      1.01 Acres

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      Pristine Home in Clearwater Cascade

      Move-in ready, furnished 2-bed home in active 55+ community.
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      Pinellas Park Retail/Showroom Space

      1,960 SF free-standing retail/showroom space with great visibility.
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    Similar Nearby for Lease

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      Land and Office Space Available

      Land and office space for lease or build-to-suit.
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      Pinellas Park Warehouse Space Available

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    • $22 SF/Yr
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      Retail Space in Winn Dixie Center

      Retail and office spaces available in Pinellas Park, Florida.
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      View Details
    • $16 SF/Yr
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      Retail Space on 66th Street

      Retail spaces available in a high-visibility Pinellas Park center.
      9701 66Th St, Pinellas Park, FL 33782
      View Details
    • Contact for pricing
      10,833 SF

      Retail Space on US Highway

      Retail and office spaces available on a major highway.
      9001 N Us Highway 19, Pinellas Park, FL 33782
      View Details
    • Contact for pricing
      4,400 SF

      Park West Flex Space Available

      4,400 SF Flex Space in Pinellas County
      3985 Gateway Centre Blvd, Pinellas Park, FL 33782
      View Details
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    Pinellas Park, FL 33782
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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